QT Vascular says Chocolate PTA Balloon Catheter assets in potential transaction

SINGAPORE (July 20): QT Vascular on Monday signed a non-binding term sheet with an “international industry player” for a potential transaction relating to its Chocolate PTA Balloon Catheter assets.

The term sheet is non-binding as the commercial terms for the potential transaction remain indicative and is subject to discussions among the parties, it said in a filing to the Singapore Exchange on Tuesday evening.

QT Vascular says it is concurrently evaluating these terms and may need to seek further clarifications from the potential party as discussions progress before the signing of a definitive agreement.

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